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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 06/24/2008
BHI (Baker Hughes--$88.07; -1.49; optionable): Oil service company
http://biz.yahoo.com/p/b/bhi.html
EARNINGS: 7-22-08
STATUS: Cup w/handle. Putting BHI back on the table as it refuses to give up, coming back Monday with a surge off the 50 day EMA then taking a pause Tuesday, holding over the 10 day EMA on the close. Nice 9 month base has set a good foundation for the breakout and a strong run higher. Just being patient to let it show us the move higher on some continued solid volume.
Volume: 4.691M Avg Volume: 4.269M
BUY POINT: $89.68 Volume=6M Target=$104.95 Stop=$86.48
POSITION: BHI JR - Oct. $90c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/bhi.html
Play Date: 06/24/2008
DIA (Diamonds Trust (DJ30 EFT)--$117.94; -0.39; optionable)
http://biz.yahoo.com/p/d/dia.html
STATUS: After reaching down to the March low and reversing intraday we are looking for a bounce back up to the serious resistance near 122.50. Pretty straightforward with a big selloff in an oversold condition and ready to bounce in relief. We get in, get our move higher, then get out.
Volume: 19.037M Avg Volume: 13.452M
BUY POINT: $118.35 Volume=20M Target=$121.90 Stop=$117.12
POSITION: DAW HN - Aug. $118c (54 delta)
http://www.investmenthouse.com/ci/dia.html
Play Date: 06/24/2008
ESLR (Evergreen Solar--$11.57; -0.50; optionable): Solar power products
http://biz.yahoo.com/p/e/eslr.html
EARNINGS: 7-17-08
STATUS: Test 200 day SMA. An interesting pattern has set up as ESLR broke higher last week with a strong upside gap through the 200 day SMA (11.01) and is coming back on lower volume to test. Part of a 6 month base with three rising lows, showing accumulation as the base progressed. Strong break higher, good test, and we are looking to move in as ESLR turns back up on rising volume after this test.
Volume: 10.014M Avg Volume: 8.018M
BUY POINT: $12.08 Volume=11M Target=$15.88 Stop=$11.44
POSITION: QLU IB - Sept. $10c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/eslr.html
Play Date: 06/24/2008
GS (Goldman Sachs--$181.98; +3.39; optionable): Investment brokerage
http://biz.yahoo.com/p/g/gs.html
EARNINGS: Mid-August
STATUS: Test 50 day EMA. GS moved off a higher low two weeks, back, clearing the 50 day EMA (179), then working laterally in a flat range. It bounced off a 50 day test on Tuesday on stronger, above average volume as the financials bounced some. GS is a financial leader, and we are looking to play a move up toward the May peak near 200.
Volume: 12.664M Avg Volume: 10.3M
BUY POINT: $184.72 Volume=14M Target=$199.85 Stop=$178.78
POSITION: GPY HQ - Aug. $185c (49 delta)
http://www.investmenthouse.com/ci/gs.html
Play Date: 06/24/2008
PCU (Southern Copper--$109.57; -2.98; optionable): Copper. Splits 3:1 on 7-11-08
http://biz.yahoo.com/p/p/pcu.html
EARNINGS: Late July
STATUS: Test 50 day EMA. PCU was in trouble to start June, but after some selling it righted itself and rallied last week, clearing the 50 day EMA (111.75) on the move. It came back to test the move Tuesday on lower volume. Part of an 8 month base, and after a small double bottom this month PCU broke higher, has tested, and is in position to make the move, higher. Has to show us the strong break on strong volume as it makes its move.
Volume: 1.532M Avg Volume: 1.817M
BUY POINT: $112.78 Volume=2M Target=$125.55 Stop=$109.11
POSITION: PCU IB - Sept. $110c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/pcu.html
Downside:
Play Date: 06/24/2008
SOHU (Sohu.com--$70.71; -5.12; optionable): Chinese internet
http://biz.yahoo.com/p/s/sohu.html
EARNINGS: Last week of July
STATUS: Head and shoulders. After a huge run in April and May, SOHU peaked in early June and has spent the subsequent time forming a right shoulder to a 7 week topping pattern. Broke sharply lower last week, rebounded back over the 50 day EMA (74.29) Monday, but then rolled over once more Tuesday, falling to a new low on this selling and breaking the 'neckline' in the base. There is a gap higher in April from just below 62. We are looking for SOHU to fill that gap and give us a nice gain to the downside. A move to the target lands a 38%ish gain.
Volume: 2.739M Avg Volume: 2.219M
BUY POINT: $69.97 Volume=3M Target=$62.25 Stop=$72.04
POSITION: UZK TN - Aug. $70p (-42 delta)
http://www.investmenthouse.com/ci/sohu.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP. or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners in Online Investment Services, LP. or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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stock recommendation
stock investment information
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